Property Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
DUDLEY, 2290 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling DUDLEY, 2290 values up and netting property investors a capital gain of 28.98% for the past year.
Investors saw the median home price rise to $1,185,000.
Profits due to an upward trend in home prices in the suburb averaged 15.37% per annum over a 3-year period.
DUDLEY now ranks at the 462nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in DUDLEY are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DUDLEY, homes and units usually stay on listing for an average of 31.5 days.
In 2016, 34 properties were sold in DUDLEY during the past year, making it the 641st most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||28.98%||N/A|
|Median 3 years||46.12%||N/A|
|Median 5 years||67.49%||N/A|
|10 years average annual||10.8%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||31.5 days||N/A|
|Gross Rental Yield Percent||1.97%||N/A|